Mega hiring plans in Q3
This quarter's net employment outlook is the strongest since the start of the survey in India in June 2005.india Updated: Jun 14, 2006 14:52 IST
India tops the list for hiring intention among employers in the third quarter of 2006. The outlook is the strongest for India out of the 25 countries and territories surveyed globally under the Manpower Employment Outlook Survey.
With an overall net employment outlook of +43 per cent, it is the most robust for India followed by Hong Kong at +27 per cent and Japan at +24 per cent. The net employment outlook is derived by taking the percentage of employers anticipating total employment to increase, and subtracting from this the percentage expecting to see a decrease in employment at their location in the next quarter.
This quarter's net employment outlook, in fact, is the strongest since the start of the survey in India in June 2005. Globally, the survey has been running for more than 40 years.
The outlook demonstrates an increase of three percentage points over the previous quarter and nine percentage points on year on-year basis. Out of the 4,550 employers surveyed, 46 per cent expected their staffing levels to increase while only three per cent expected a decrease in their staffing levels. With 41 per cent employers expecting no change and the remaining 10 per cent unsure of their hiring plans, Indian employers showed great optimism about hiring over the next quarter.
The outlook for the services sector has witnessed a bullish +50 per cent — the strongest recorded net employment outlook reported in any sector in India since the establishment of the survey in 2005. This represents an eight percentage point increase quarter-on-quarter and a six percentage point increase year-on-year.
Executive Chairman of Manpower India, Soumen Basu, said, "The year-on-year increase in the net employment outlook in the transport and utilities sector is a clear indication of the enormous thrust being put forth towards development and infrastructure in the country."
Situations vacant +43% +27% +24% INDIA HONG KONG JAPAN 4,550 Total employers surveyed Expect their staffing levels to 46% increase Expect a decrease in their 3% staffing levels Expect no change in staffing 41% levels 10% Unsure of their hiring plans Outlook for the services sector, +50% the strongest in all sectors.